Fortive Corp is a diversified industrial technology company that specializes in providing essential technologies and solutions across a range of applications, including industrial automation, sensing, and software-driven data solutions
The company operates through various segments, focusing on areas such as precision instruments, automated workflow solutions, and electronic and industrial components. Fortive's innovative products are designed to enhance productivity, improve operational efficiency, and support a variety of industries, including manufacturing, healthcare, and utilities. With a commitment to sustainable practices and continuous improvement, Fortive aims to empower customers through reliable and advanced technological solutions.
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Industrial technology company Fortive (NYSEFTV) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 2.3% year on year to $1.62 billion. Next quarter’s revenue guidance of $1.50 billion underwhelmed, coming in 3.7% below analysts’ estimates. Its non-GAAP profit of $1.17 per share was 4.4% above analysts’ consensus estimates.
Fortive Corporation (NYSEFTV) reported Q4 results with revenue of $1.62B, missing consensus. EPS of $1.17 beat expectations. Company expects revenue of $6.23B-$6.35B for FY25.
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Although Fortive (currently trading at $79.40 per share) has gained 8.7% over the last six months, it has trailed the S&P 500’s 14.2% return during that period. This may have investors wondering how to approach the situation.
Industrial technology company Fortive (NYSEFTV) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 2.7% year on year to $1.53 billion. The company expects next quarter’s revenue to be around $1.64 billion, slightly below analysts’ estimates. Its non-GAAP profit of $0.97 per share was 4.2% above analysts’ consensus estimates.
